Mohsin Naqvi-led PCB rocked by billion-rupee crisis as PSL payment row explodes
Pakistan Cricket Board is under financial strain. It is seeking billions in unpaid dues from various entities. This includes Pakistan Super League franchises and broadcast partners.
Some franchises have cleared their dues but are awaiting their revenue share. A major rights holder owes a significant amount. This situation is impacting the board's financial records and operations.
The Pakistan Cricket Board is facing mounting financial pressure as it looks to recover billions in unpaid dues from multiple stakeholders, even as franchises in the Pakistan Super League push for their pending revenue shares, according to a PTI report. The board has reportedly issued legal notices to several entities, including PSL teams, broadcast partners and commercial associates, asking them to clear outstanding payments or risk serious consequences such as contract termination. The move comes as the PCB attempts to stabilise its finances amid delays in incoming funds.
“Initially, some defaulting franchises of the Pakistan Super League were also sent notices to clear their outstanding annual fees or face action. These franchises have now cleared their dues but also asked the board to clear their share from the central pool for the franchises pending since 2010," a PCB source said while speaking to PTI. The situation appears to be a two-way standoff.
While franchises have begun settling their own dues, they have also raised concerns about payments owed to them by the board. One team, according to the report, flagged that it had not received its full entitlement of around PKR 96 crore (Rs 32. 74 crore) from the central revenue pool for the league’s 10th edition.